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ABC Business News
What’s next for Alaska, Hawaiian Airlines merger, how it could impact future flights
A Hawaiian Airlines airplane takes off near an Alaska Airlines airplane at Los Angeles International Airport (LAX), Dec. 5, 2023, in Los Angeles. (Eric Thayer/Bloomberg via Getty Images) (NEW YORK) — Hawaiian Airlines and Alaska [Read More…]
Harris plans to tackle inflation. Economists say the fight is nearly over.
Anna Moneymaker/Getty Images (WASHINGTON) — Vice President Kamala Harris has unveiled a comprehensive agenda focused on cooling inflation, but many economists consider the fight against price increases to be nearly finished. Inflation stands below 3% [Read More…]
Trump Media stock is plummeting. These shareholders don’t care
Anna Barclay/Getty Images (NEW YORK) — Trump Media & Technology Group’s stock dropped more than 11% this week, suffering from sour sentiment after a weak earnings report and the return of former President Donald Trump [Read More…]
What a Kamala Harris presidency could mean for electric vehicles
Jon Challicom/Getty Images (WASHINGTON) — On the road to the 2024 presidential election, Vice President Kamala Harris and former President Donald Trump’s views on electric vehicles (EVs) have offered two different visions of America’s automotive [Read More…]
Harris to propose up to $25K in down-payment support for 1st-time homebuyers
Justin Sullivan/Getty Images (RALEIGH, N.C.) — When Vice President Kamala Harris unveils her economic policy proposals in Raleigh, North Carolina, on Friday, it will include a proposal to provide up to $25,000 in down payment [Read More…]
Egg prices continue to soar by nearly 20%, new inflation data shows
d3sign/Getty Images (NEW YORK) — Slow and steady may win the race for a tortoise vs. a hare, according to Aesop’s Fables. However, in reality, this turn of phrase does not ring true when applied [Read More…]
Mars shakes up snack industry with $36B food merger to acquire Pringles maker
Packets of Pringles chips, manufactured by Kellanova, for sale at a supermarket in Palma de Mallorca, Spain, on Wednesday, Aug. 14, 2024. (Andrey Rudakov/Bloomberg via Getty Images) (NEW YORK) — As more consumers reach for [Read More…]
Wallace Amos Jr., founder of Famous Amos cookies, dies at 88
A box of Kellogg Co. Famous Amos brand chocolate chip and pecan cookies is arranged for a photograph in Ottawa, Illinois, U.S., on Monday, April 1, 2019. (Daniel Acker/Bloomberg via Getty Images) (NEW YORK) — [Read More…]
Why are investors turning to bonds? Experts weigh in
Spencer Platt/Getty Images (NEW YORK) — Stock market turmoil earlier this month prompted some investors to ditch stocks in favor of an alternative typically viewed as safer but less exciting: bonds. The renewed popularity of [Read More…]
Inflation cooled in July, reaching lowest level since March 2021
Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 2.9% in July compared to a year ago, cooling slightly from the previous month and extending a monthslong slowdown of price increases. The fresh inflation reading [Read More…]
Trump voiced labor-friendly views in meeting with Teamsters before union president spoke at RNC
President of the International Brotherhood of Teamsters Sean O’Brien speaks on the first day of the Republican National Convention, July 15, 2024, in Milwaukee. (Chip Somodevilla/Getty Images) (NEW YORK) — Vice President Kamala Harris has [Read More…]
Fresh inflation data to show if cooldown has continued
Javier Ghersi/Getty Images (NEW YORK) — Fresh inflation data on Wednesday will show whether the U.S. has extended a monthslong stretch of progress in the fight to slow price increases. The latest price reading is [Read More…]
The biggest car auctions of 2024 are about to happen. Will recession fears damper excitement among buyers?
RapidEye/Getty Images (NEW YORK) — Are a 1938 Alfa Romeo 8C 2900B Lungo Spider and a 1960 Ferrari 250 GT SWB California enough to convince wealthy collectors to shell out millions of dollars at California’s [Read More…]
Chuck E. Cheese launches membership plans to help families save up to 50%
A sign is posted in front of a Chuck E. Cheese pizza restaurant on Dec. 18, 2023 in Hayward, Calif. (Justin Sullivan/Getty Images, FILE) (NEW YORK) — Chuck E. Cheese has just the ticket for [Read More…]
Hotel junk fees are still a thing: Here’s how to protect yourself
Nadija Pavlovic/Getty Images (NEW YORK) — Junk, resort, destination, urban, and amenity fees are pseudonyms for the mandatory, often unexpected surcharges you might find tackled on your hotel bill. According to the Council of Economic [Read More…]
Trump wants a role in setting interest rates. Some economists say it’s a bad idea
Bloomberg Creative/Getty Images (NEW YORK) — Former President Donald Trump recently said the president should have a role in setting interest rates that determine costs for everything from mortgages to credit card loans. The proposal [Read More…]
Pumpkin spice latte season returns: Where to get the coveted fall flavors early
Krispy Kreme (NEW YORK) — Although the first day of fall is still over a month away on the calendar, food and beverage brands are betting big on their seasonal bestsellers early, rolling out the [Read More…]
How did the stock market bounce back from its worst day in years?
Berkah/Getty Images (NEW YORK) — Volatility overtook the stock market last week, amplifying worries about a possible recession and stoking panic among investors. By the end of the week, however, the markets had almost fully [Read More…]
Canceling subscriptions should be as easy as signing up, new federal rule says
Carol Yepes/Getty Images (WASHINGTON) — In an effort to beef up protections for consumers against corporations, the Biden administration on Monday announced a handful of policies to crack down on “headaches and hassles that waste [Read More…]
HarrisWalz.com domain sells for $15,000
Andrew Harnik/Getty Images (NEW YORK) — This week, hours after Vice President Kamala Harris announced Minnesota Gov. Tim Walz as her running mate in the 2024 election, the website domain “HarrisWalz.com” sold for $15,000. It [Read More…]